What is Attrition Rate?

Attrition rate refers to the rate at which employees leave or separate from an organization over a specific period of time. It is typically expressed as a percentage and is calculated by dividing the number of employees who left during the period by the average number of employees during the same period. Attrition rate is an important metric used to measure employee turnover and can provide insights into workforce stability, engagement, and retention challenges within an organization.